Asia-Pacific continues to remain the largest market for hot drinks worldwide

The Asia-Pacific hot drinks sector is the largest in the world and set to grow at fastest CAGR during 2017–2022

The global hot drinks sector was valued at US$159.3 billion in 2017 and is expected to reach US$215.9 billion, registering a CAGR of 6.3% during 2017–2022. Asia-Pacific represented the largest global market for hot drinks with a value share of 33.3% in 2017. Rising disposable incomes and increasing demand for premium hot drinks are the factors driving the hot drinks sector in Asia-Pacific. However, the region registered the lowest per capita consumption of 1.2kg and per capita expenditure of US$18.1 in 2017.

The Asia-Pacific hot drinks sector is expected to grow at the fastest pace in both value and volume terms with CAGRs of 9.2% and 3.8%, respectively, during 2017–2022. This is followed by the Americas in value terms and the Middle East & Africa in volume terms. The hot drinks sector in Asia-Pacific is driven by factors including rising disposable incomes in countries such as Malaysia and India, which has resulted in a growing demand for premium hot drinks. The growing coffee culture in traditional tea-drinking countries such as China, due to the expansion of western coffee retail chains, is also contributing to the growth of coffee in APAC.

GlobalData’s report, “Opportunities in the Asia-Pacific Hot Drinks Sector”, brings together multiple data sources to provide a comprehensive overview of the region’s hot drinks sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats, and case studies.

The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country-specific nuances.

The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region that can help companies in revenue expansion.

Use this report to gain competitive intelligence about leading brands in the region with information about their market share and growth rates.